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If a man sells 2 articles in $1200 each

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If a man sells 2 articles in $1200 each  [#permalink]

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New post 09 Dec 2019, 10:34
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If a man sells 2 articles in $1200 each. One of it at 20% profit while other at 20% loss than calculate overall profit or loss:
A) No Profit No loss.
B) Profit of $ 120
C) Loss of $ 120
D) Profit of $ 100
E) Loss of $ 100
Manager
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Re: If a man sells 2 articles in $1200 each  [#permalink]

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New post 09 Dec 2019, 10:49
1
1000 + 1000*.2=1200 profit
1500 - 1500*.2=1200 loss
+200-300=100 loss

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Re: If a man sells 2 articles in $1200 each  [#permalink]

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New post 09 Dec 2019, 22:12
Ansh777 wrote:
If a man sells 2 articles in $1200 each. One of it at 20% profit while other at 20% loss than calculate overall profit or loss:
A) No Profit No loss.
B) Profit of $ 120
C) Loss of $ 120
D) Profit of $ 100
E) Loss of $ 100


Explanation:
S.P of 1st Article: 1200
Profit is 20%
Let, C.P=X
1.2X=1200
X=1000
S.P of 2nd Article:1200
Loss is 20%
C.P= 0.8X=1200
X=1200/0.8=1500
Total C.P= 1500+1000 = 2500
Total S.P=1200+1200 = 2400
Total Loss= 2500-2400=100$

IMO-E

:please Please Give Kudos, If you find my explanation Good Enough :please
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Re: If a man sells 2 articles in $1200 each  [#permalink]

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New post 09 Dec 2019, 22:46
Ansh777 wrote:
If a man sells 2 articles in $1200 each. One of it at 20% profit while other at 20% loss than calculate overall profit or loss:
A) No Profit No loss.
B) Profit of $ 120
C) Loss of $ 120
D) Profit of $ 100
E) Loss of $ 100


When two articles are sold at the same selling price, there will be a loss of \(x^2/100 % = (20)^2/100 % = 4%\)

This is discussed in detail on our Veritas blog here:
https://www.veritasprep.com/blog/2014/0 ... n-another/
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Re: If a man sells 2 articles in $1200 each   [#permalink] 09 Dec 2019, 22:46
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